Impact Publications : Aircargo_238
AirCArgo AsiA-PACifiC • AUGUST-SEPTEMBER 2015 • Page 5 We deliver to the world. QR Pharma — for pharmaceuticals and healthcare products QR Pharma is your solution for healthcare shipments because we offer the most ideal conditions, every time. For bookings and enquiries, contact us on email@example.com or visit qrcargo.com Qantas reports bumper profit with record results coming from freight AUSTRALiA’S airline Qantas has reported an Underlying Profit Before Tax of A$975 million and a Statutory Profit Before Tax of A$789 million for the 12 months to 30 June 2015. The underlying result is a turnaround of A$1.6 billion compared with financial year 2014, including Qantas’ best-ever second half performance, with all seg- ments of the Qantas Group reporting robust profits. Main contributor to the result was attributed to progress of the Qantas Transformation program, which realised A$894 million in benefits during the year and saw the company meet its target of paying down more than A$1 billion in net debt. As a result, Qantas has reached its optimal capital structure – enabling it to resume shareholder returns while con- tinuing to invest in growth and renewal. Chief executive Alan Joyce said the milestone acquisition of the next-gen- eration B787 for Qantas international marked the scale of Qantas’ turnaround and signalled a new phase of renewal and growth. “We are half way through the biggest and fastest transformation in our history,” said Joyce. “Without that transformation, we would not be reporting this strong profit, recommencing shareholder re- turns, or announcing our ultra-efficient B787 fleet for Qantas international.” The carrier will acquire eight B 787-9 aircraft, to be delivered from calendar year 2017 that will gradually replace five older B747s. “new aircraft types have always un- locked opportunities for Qantas,” said Joyce. “When our B787s start arriving in two years’ time, their incredible range and fu- el-efficiency will create new possibilities for our network.” All segments of the Qantas Group re- ported strong profits, with record results for Jetstar, Qantas Loyalty and Qantas Freight on an Underlying Earnings Before interest and Tax (Underlying EBiT) basis. The combined Qantas Domestic and Qantas international result was the best since 2008. Combined Group domestic Underlying EBiT – Qantas and Jetstar – was more than A$600 million and Qantas international was profitable on a full-year basis for the first time since before the global financial crisis. Qantas freight Qantas Freight reported record under- lying EBiT of A$114 million, compared with A$24 million in financial year 2014, driven by transformation benefits of A$38 million and higher load factors. The business retained Australia Post as its biggest domestic freight customer as well as adding a new customer, Toll Group.